 I can pull money out of my 401K for a down payment on a house, Yes? or No? |
Additional Details
I was told that you can pull out of your 401k for a down payment without being taxed on it. You get to do this one time.... |
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 Can i withdraw as a co-signer on an car loan? |
| my boyfriend has an car that i co-signed for and we are no longer together and i do not want the responsibility. he is not paying the notes on time and it is ruining my credit.... |
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 Credit Cards in America? |
| I'm going to the USA next week and will be using my credit card, will I need to carry with my photographic ID in order to be able to use it? I do in Europe and was wondering if I need to in the S... |
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 What will happen if i use somebody else's credit card? |
| i'm gonna go to canada to visit an old friend. Her dad is gonna give me his credit card to pay for my flight. what will happen when they find out that i'm using someone else's card to ... |
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 Can somebody help me find financing!??!!? |
I just turned 18 (Mar. 8th) and have NO credit. I live in GA
I've been working very hard as well as saving very hard so that I can buy myself a NEW motorcycle
It is a 2007 ... |
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 If you have a credit card and are making more than the minimum payments, does it hurt your credit score? |
| I believe that if you charge your card and make more than the required monthly payments that it would hurt your credit score somewhat the same as if you were to not make a payment at all.... |
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 Credit rating - how is it linked to the individual? |
A friend and myself were discussing this the other day, basically because my credit rating sucks as I rinsed overdrafts and credit cards whilst at Uni.
I'm moving house soon, and we don... |
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 Bill Collectors!!!? |
| If i have a credit card about to go to an outside collection agency. Is it true that as long as I pay some money on it (even if its not the min payment they want) that they cant turn it over to ... |
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 How do I rid my bad credit? |
| I've tried everything I can think of is there something you know that I don't. I would just like to have GOOD CREDIT!... |
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 I have bad credit no real credit cards I need/want to fix it myself. How do I go about fixing it myself? |
| I have bad credit no real credit cards I need/want to fix it myself. How do I go about fixing it myself? I have one credit card with a 200 dollar limit that I had to pay 50 dollars for got it from C... |
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 My partners bank are taking him to court to recover a debt even though he has been on a payment plan? |
| they have told him that they are going to issue a county court judgement against him. he has never missed a payment,yet they are still taking him to court. i am petrified at what is going to happen ... |
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 Are there any companies that will give a personal loan? |
to people with not so good credit ( they only not good thing is that my credit cards are high) but I need money to move out of state
Additional Details
something like a 5000-10000 dollar ... |
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 I cant be brotherd to pay my credit card bill. ? |
I have recently received my first ever vanquish credit card. I spend the whole £700 within a day. I can't be botherd to pay it back and have canceled the direct debit, What the worst that ... |
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 I am getting my first credit card, which one do i get? |
| okay, so i am getting married in six months, and i need a credit card. what are some things i should know before i sign up, because i know nothing about credit cards at all, isn't there some ... |
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 Debt collecting practices? |
| When I was 25 and under my father's insurance, I had surgery. Now, two years later, I must have missed a small bill that insurance paid some on. I moved from home and guess didn't receive ... |
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 Bank accounts frozen, what is the best way to negotiate with the collection agency? |
| I woke up today to find my checking acount with a zero balance, I went to the ATM and could not withdraw funds from my savings accoung. I called up my bank and asked them what was up and they said ... |
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B*ree | Is it Illegal for a bank to do this? |
My discover card payment is almost 300.00 dollars and only ten of it goes to the principal.That seems very extreme to me.Isn't there a law against this?
Additional Details
This is the normal minimum payment.No late or overlimit fees. |
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Doug J
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Its very very shady, unfortunately its also legal. |
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gcason
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It is legal, but immoral.
Still, the easy solution is not to carry a balance on any credit cards. If you can't afford it, don't buy it. Save up and buy things cash.
The credit card industry makes billions a year because people don't understand how much interest they pay when they use easy credit. |
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Jay P
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No it's not illegal. Unfortunately, it's what you signed up for. Now I did some simple math. Assuming that $300 is your minimum payment and you have a 20% APR, you have about 18,000 on that card. I think the bigger issue right now should be figuring out a way to pay that debt back. It is not going to get any easier down the road. |
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ck-cfp
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They can spread the payments out for over 18 years so it is not illegal. Does it suck? Absolutely. Try to pay more if you can. |
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Lynda H
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It is sad but they can do it. You could try to call them and ask for a lower rate,this works sometimes. Good luck and just try to pay moe on it also. |
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♥ № 1
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its legal and i have major debt because of it now |
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tudorjason (matt)
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It isn't illegal. It is the terms of your agreement. You probably have a high interest rate, or maybe you continue to rack up fees. Payments to credit cards typically apply to interest first and then the balance.
Read your statement to see what is causing your payment to be so high. If everything seems to be alright, maybe you should apply for a balance transfer credit card. You will probably save several hundred each year. |
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bdancer222
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Guess what? You can actually pay more than the minimum .... a lot more. In fact, many of us only charge what we can afford to pay in full each month. We don't pay any interest.
If your minimum payment is $300, you have ran up a pretty big balance. You need to stop using credit cards and figure out how to pay off that big debt. |
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bud68
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No. You obviously have a very high interest rate card. |
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Pengy
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My guess is the majority is going towards late fees, and overlimit fees, those are taken out and covered first before anything goes on the principle Pay ontime and get it below your limit and things will change |
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wildbirdie
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If you paid 310 then 20 would go toward the principal. That's twice as much!
They are doing people who are having a bad month a favor by requiring a small minimum payment that just covers interest. There is no law that says you can't pay more than the minimum. |
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